Utilizing time-wise autoregressive model to investigate the perception of the international community on the Philippines, which has suffered from debt crisis in 1982, indicates that banker鈥檚 creditworthiness assessments are sensitive not only from liquidity and solvency but also from long-term structural risk. It also provides evidence of regional contamination. One-way fixed effects panel data analysis lends validity that banker鈥檚 creditworthiness are influenced by 鈥渘on-quantifiable鈥� country-specific risks presumed to transpire from socio-political conditions.
An Empirical Investigation of Bankers' Perceptions of Country Creditworthiness
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